Taylor Wimpey hails “strong performance”

Jan. 9, 2019
<p><span>Taylor Wimpey has enjoyed another year of “strong performance”, it said today, (January 9) with the company set to report full year results in line with expectations.</span></p> <p><span>Issuing an update ahead of its results for the year ending December 31 2018, the volume housebuilder said that during the period its total home completions rose 3% to 14,947 against the same period in 2017.</span></p> <p><span>Its average selling price on private completions lifted 2% to £301,000, with trading remaining robust despite the company seeing some wavering customer confidence towards the end of the year in London and the South East, it said.</span></p> <p><span>The firm’s net private reservation rate for 2018 was 0.80 homes per outlet per week against 2017’s 0.77.</span></p> <p><span>It ended the year with an “excellent” total order book at a value of £1,782 million as of December 31 2018 (December 31 2017: £1,628 million). This represents 8,304 homes compared to the 7,136 homes of the previous year. The growth was down to affordable housing; Taylor Wimpey said that affordable homes accounted for 23% of its total completions in 2018.</span></p> <p><span>The company starts 2019 with 256 outlets (December 31 2017: 278), having traded from an average of 273 outlets in 2018 …

Continue reading

To continue reading this article please login or register.

Login

Forgot your password?

Register for free

Quick and free registration

Register